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Allianz bolsters European debt fund with EUR476 million of finance deals

German insurer Allianz has completed three refinancing deals in prime locations for a total of €476 mln as it looks to strengthen its debt portfolio.

The largest of the three deals is the financing of Southbank Central in London for €200 mln, for an affiliate of private investment firm Starwood Capital Group.

Starwood acquired the development project in December last year for a reported €285 mln and is transforming the former South Bank Tower into 21,000 m2 of primarily office space, as well as residential, retail and restaurant components.

Property EU – 16 April 2019